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Great news! Now keep those orders coming..
"Uptick Rule" (SEC Rule 201) triggered for VTSI. Short selling is still permitted when the SEC Rule 201 criteria are met (i.e. can only short after an "uptick"). Short sale restriction is in effect from the open today to 8pm tomorrow. Welcome to the Nasdaq!!
Speaking of the old SEC documents, do you other LONGs (yes, both of you lol) remember seeing financial filings for the mid-to-late 1990's for Amour Fiber Core? They are there now, I don't remember seeing them when AFBG got going in 2008.
Schnied: That's pre-market with almost all MMs off-line. Bid is 5.51 at opening bell.
Look at the collection of MMs now on L2. In the BIG leagues!
Sethius: No. How AFBG came to being is described in the old SEC documents. McCleave/Hefner acquired Amour Fiber Core (AFC) around year 2000. After getting all their "ducks in a row" with that they created AFBG as a holding company in 2008. It was a new corporation and it still holds two companies as far as I know: AFC and McCleave's American Leisure Products company (vintage fiberglass replica cars).
Bid/Ask showing 5.20/5.49 on multiple platforms. Was there after-hours selling yesterday after the financials came out? EDIT: Just looked at marketwatch.com and 2.2k shares traded after hours, last sale was $5.50.
Trading resumed at 11:12
6800 shares just sold at 7.36
Halted three times so far today according to DJCNEWS. Last halt 10:47am. Bid/Ask showing 6.12/7.00
Would Modern Round in Vegas do well?
I haven't been in a few years but Vegas had venues where you could shoot real guns. Now granted you're just shooting at targets and not the virtual scenarios offered by VirTra so who knows. Also wonder what effect the massacre in Vegas had in the community regarding firearms.
billpr: OT - No, I'm in Valrico - River Hills is name of community. Walden Lakes is a disaster. Funny thing is we have our annual HOA meeting tonight and the BoD just approved spending a lot of money to study the possibility of buying the CC, should be barrel of fun listening to the complaints. Not sure if the CC is financially in trouble (it's owned by Fore Golf) but I think some are fearing we'll turn into another Walden Lakes.
fish OT: When you live in an HOA community that can be somewhat picky about the appearance of your home, you learn this stuff. When you get as old as billpr, you make sure to buy something that won't get damaged in a frost but still look decent in FL. lol I'm getting to the point where I don't even want perennials because the garden looks dead for a few months before they come back and I rather just have stuff that doesn't "burn" out during the "cold" season.
billpr: OT: Yeah, those are no problem down here.
I've got Ligustrum around my A/C pump and pool filter to keep the HOA happy. lol Have gold-tipped Ligustrum around my pool screen enclosure, have some tall Viburnum along the back property line as privacy hedge for houses behind ours. Actually, those are on their property so they have to maintain them, which is a pain when they start getting tall. The good thing about the frost is it kills the vines growing in the Viburnum.
Sethius: You been selling? Lots of shares being traded (relatively speaking) and a large quantity on the Ask.
FYI: I slowly unloaded almost all I had purchased, sold between 0.14 - 0.19 with a bunch of GTC orders after that PR came out late December 2017. Many THANKS to the person buying the last couple of months for taking them off my hands. I had purchased some low 20s in early 2014 and added more in low .20s in May 2015 when they announced the 5-year recycling deal with Owens-Corning. I then spent the next two and a half years averaging down as that deal fell through, got some more in the mid teens. My lowest buys were between 0.05 to 0.07 in 2017 and those were ~1/3 of what I owned. Actually got out with a small profit and can use the money for a better investment. Still have 3,400 shares in my account which will go if this thing ever pops again.
Speaking of that December 2017 PR, does anyone know if they started building that pilot plant yet? It was supposed to begin first quarter 2018. Of course, they never do anything they say to expect so wouldn't surprise me at all if nothing has been done.
billpr: Maybe EDGAR has some notification system for individual securities?!? Could explain why he posted shortly after EDGAR listed the filing. RE: Cold ... Just dug out the plants that succumbed to the frosts we had this year and planted some new ones. The Loropetalum and Texas Sage were no problem, the Ixora's got beat up pretty bad but had some new growth; I yanked them anyway and planted new ones. The Gold Mound Duranta had come back nicely in February given the high temps but they looked a little peaked after a few low 40s this week, yanked those and will probably plant some Sunshine Ligustrums than can handle down to 0 -10F.
billpr: If you monitor EDGAR, you would have seen the filing Friday afternoon. I don't think Greggin needed anyone to tell him. I've been watching EDGAR almost daily for the filing since they said SEC registration was near. I didn't look Friday as I was out. Now all we need is for Qs and Ks to start being posted. Maybe Greggin can answer this: Can VirTra files Qs and Ks retroactively?
VTSID showing in TD Ameritrade Trade Architect, bid is 4.40 and ask is 4.65. Last sale was 4.50, volume currently 250. The Bid/Ask is always lower/higher during non-market hours.
Hey Moderators, in the intro section of this board the O/S shows over 158M and hasn't been updated since mid-2016.
Sorry Greggin, didn't refresh my browser before posting the same thing you did minutes earlier. Oh well, my two posts now may move us up the "most active" list on IHub so we get more visibility. lol
VirTra Confirms Processing of Previously Announced 1:2 Reverse SplitPress Release | 03/01/2018
TEMPE, Ariz., March 01, 2018 (GLOBE NEWSWIRE) -- VirTra, Inc. (OTCQX:VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced that the Financial Industry Regulatory Authority (“FINRA”) has processed VirTra’s request to complete its previously announced 1-for-2 reverse split of its common stock. As such, VirTra’s common shares will, effective March 2, 2018, trade on the OTCQX under the trading symbol “VTSID”. The new trading symbol with the appended “D” (denoting a split) will be removed 20 business days later and will thereafter revert back to “VTSI”.
As previously announced, this action is part of the Company’s efforts to qualify for and complete an uplist to the Nasdaq Capital Markets. In connection with the anticipated move to Nasdaq VirTra will register its common shares with the Securities and Exchange Commission, and VirTra will thereafter be subject to all the reporting obligations of a public reporting company. Despite these steps being taken by VirTra there can be no assurance that the Company's application for listing will be approved, and management cannot predict the timing of any decision.
About VirTra
VirTra is a global provider of training simulators for the law enforcement, military, educational and commercial markets. The Company’s patented technologies, software and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real world situations. VirTra’s mission is to save and improve lives worldwide through realistic and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.
Forward-looking Statements
This news release includes certain information that may constitute forward-looking statements. Forward-looking statements are typically identified by terminology such as “could,” “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “proposed,” “planned,” “potential” and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra’s beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company’s securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, and is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Media contact:
Susan Lehman
Slehman@virtra.com
(510) 599-6555
Investor relations contact:
Brett Maas
vtsi@haydenir.com
(646) 536-7331
OT: You guys just looking at TD Ameritrade for first time should take a look at Trade Architect and thinkorswim platform, pretty nice tools. I don't trade stocks much anymore, more of a forex trader now.
now: Did you expect something different? lol
billpr: holding for spite? lol First time I've heard that as a reason to hold.
fish: It's very possible Ferris said nothing and these other people you speak of saw what was happening. Apparently a few here knew there was a large volume holder who was going to be unwinding their position (I didn't). They probably knew too. Once they saw there was not enough bid support to handle the unloading of so many shares, and the price slowly walked down, they pretty much assumed an R/S was going to be needed to get on Nasdaq. Not unreasonable, even though it was Boustead's job to promote the stock and find the buyers to support the PPS. Ferris and their inability to find buyers to absorb those shares at $3 seem to me to be the most plausible explanation for what has happened. All my opinion, a plethora of other things could have happened.
oldmusky, beyond Dan Hefner and Ken McCleave, there's not too many more people to contact.
fish: Well, your post asked why those here who posted they were happy with the RS didn't buy shares, thus my reply. I'm not ready to say there was insider trading here. The concerning part is Ferris apparently knew there was someone with a large % looking to unload, if that somehow got out to the new investors he was wooing I could see them not wanting to buy. Long ago there was chatter here how Virtra's competitors were trying to do things to negatively influence the stock, could they possibly have been involved in what's been going on? All speculation, we'll never know for sure.
Fiah: I think many who post here already have VTSI as a significant % of their portfolio and it's not smart to put "all their eggs in one basket" by buying more. After all, it still is a penny stock. I was hoping to sell out of another dead-end position to put more into VTSI, luckily most of what I had left sold late last week. That stock now down 80-something % today on almost no volume lol. I've been buying below 2.60, added 5k - 10k shares at this point. Peanuts to some of you deep pockets, significant to me. I have some cash now and will probably hold off getting more until after this RS as I expect it might drop a little bit afterward. Not happy about the RS, if this eventually does run to 10, I'll have only half the shares I was expecting to sell at 10 (as will all of the other current shareholders). But, I suppose it can run to 10 faster now with only half the shares outstanding. That's assuming they don't do the cap raise. It's a shame Ferris couldn't find a buyer for that shareholder allegedly unloading his 500k position, that really hurt.
N_B: I thought it was going back to 20 cents after 1st RS? lol You're the guy that claimed "all reverse splits fail", yet VTSI price is pretty close to what it was the day after the R/S. Is that why you disappeared from the board since the first R/S? Stick around, it's always good to have contrarian indicators out there.
79k sold on the bid. Did you finally get your 300k shares into that broker, Sethius?
fish: Usually when you start praying about your investments, it's time to worry. lol The market can remain irrational longer than most traders/investors can remain solvent.
now: THIS time?!?! lol
lol Stock, not even the MMs saw them go through since volume was 500 shares. LOL!!!
billpr: The VTSI discussion has been interesting, I think it's a little early for a coup though. Assuming there was a large holder of 500k shares un-winding his/her position as alleged on this board, it would explain the price decrease since the primary buyers seemed to be a small group of LONGs, with no real new, serious investors.
Ferris has done a good job since taking CEO over from Dalby (I think), his conservative approach helped get rid of Duchess and turned VTSI profitable with decent revenue growth, and virtually no debt. I still remember receiving a phone call from Dalby saying there were going to be some hard times with Duchess but they were working on getting rid of them. I held less than $10k worth of stock at the time but they still called me and asked to keep the faith - that was impressive. that being said, I'm not sure Ferris the right guy for when this gets on Nasdaq, we need someone a little less conservative and more market savvy IMO.
Communication in my view had actually improved a little up until the past few months with the various items being worked on hitting various snags. This always seems to be when the company kept quite, when their plans weren't being achieved.
I think before any institutional investor decided to put any serious money into this, we need to be A) SEC Reporting, B) trading on Nasdaq, C) have much higher daily average volume and D) have a PPS of $5 or more. Many institutional investors don't even look at companies with PPS below $5 or even $10. I've actually been adding to my albeit small position in this once it got below $2.60, only added 5k shares but plan to get more down in our current range if I can free-up money from another stagnant investment whose average daily volume makes Virtra's look huge. I'm still in my 50s so I got time, I'm confident it will keep going up in long run.
billpr: OT: Mosquitoes are the state bird of FL lol
Sethius: Try contacting the transfer agent, they may know of a brokerage that will accept them.
stock patrol: Broker's won't accept just any old stock, especially thinly-traded, non-reporting penny stocks like AFBG with the skull & crossbones symbol on OTC Markets website. Too many scams out there. Only way to get AFBG into something like TD Ameritrade is to have existing accounts with them for at least a year.
sethius: Try contacting the CEO, he may know a couple of places that will take them. Of course, the last thing he wants to see is 300k shares hitting the market.
Sethius: They released a PR shortly after Christmas re: their pilot plant. Maybe that equipment you sold them is helping out. :)
Here is the time and sales for today (and past few days where there was trades)
Time Price Volume Market
14:05:57 0.15 2000 OTO
14:05:56 0.15 5000 OTO
13:26:03 0.155 2000 OTO
13:26:03 0.155 5000 OTO
13:24:59 0.155 4046 OTO
13:24:57 0.155 300 OTO
13:24:56 0.155 5000 OTO
13:24:56 0.155 5000 OTO
13:24:56 0.155 5000 OTO
13:24:56 0.155 5000 OTO
13:24:48 0.155 30000 OTO
13:17:27 0.15 1317 OTO
13:17:21 0.15 5000 OTO
13:17:21 0.15 5000 OTO
13:17:15 0.15 5000 OTO
13:17:12 0.15 30000 OTO
13:17:11 0.14 68201 OTO
13:17:11 0.128 400 OTO
11:28:18 0.14 123 OTO
10:48:26 0.13 365 OTO
10:48:26 0.13 19840 OTO
01/23 0.129 135 OTO
01/23 0.13 135 OTO
01/23 0.125 5000 OTO
01/23 0.125 5000 OTO
01/19 0.13 5000 OTO
01/19 0.13 160 OTO
01/19 0.1075 5125 OTO
01/19 0.1275 5000 OTO
01/19 0.13 5000 OTO